Toll Brothers: Q1 EPS up 32%

(CercleFinance.com) - On Tuesday evening luxury homebuilder Toll Brothers reported EPS of $2.
25 for Q1 2023-24, up 32% from $1.70 a year earlier, while pre-tax profit rose 22.6% to $311.2m.

"Home sales revenues were $1.93 billion, up 10% compared to FY 2023's first quarter; delivered homes were 1,927, up 6%. Net signed contract value was $2.06 billion, up 42% compared to FY 2023's first quarter; contracted homes were 2,042, up 40%".

"With a strong start to the spring selling season", Toll Brothers says "we are raising our full year guidance across all key metrics... we now expect to earn between $13.25 and $13.75 per diluted share in fiscal 2024".


Copyright (c) 2024 CercleFinance.com. All rights reserved.